Korea – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 12 Sep 2025 14:01:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Korea – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Venture Status for Crypto Firms Kicks Off in South Korea on September 16 https://earlybirdsinvest.com/venture-status-for-crypto-firms-kicks-off-in-south-korea-on-september-16/ https://earlybirdsinvest.com/venture-status-for-crypto-firms-kicks-off-in-south-korea-on-september-16/#respond Fri, 12 Sep 2025 14:01:58 +0000 https://earlybirdsinvest.com/venture-status-for-crypto-firms-kicks-off-in-south-korea-on-september-16/

Starting September 16, crypto businesses in South Korea will be able to apply for recognition as venture companies.

This status will give them access to tax benefits and government-backed funding programs that were previously off-limits.

According to a report by KoreaTechDesk, the update follows a Cabinet decision on September 9, where the Ministry of SMEs and Startups approved a change to the Enforcement Decree of the Venture Business Act.

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Until now, digital-asset trading platforms and brokerages were blocked from applying. With the restrictions lifted, these firms can compete for the same support given to other tech startups.

South Korea first imposed the ban in October 2018 by citing concerns about speculation in cryptocurrencies. In July 2025, the government announced that it considered lifting the ban and sought feedback from the public and industry specialists.

Authorities expect the new policy to encourage growth not just in trading and brokerage services but also in related areas such as blockchain systems, smart-contract tools, and cybersecurity services.

By bringing crypto firms under the venture framework, the government aims to attract more private investment while maintaining oversight.

Minister Han Seong-sook explained that the ministry’s focus will be on building a transparent and accountable market that can draw venture capital and support new industries.

Recently, South Korea’s Financial Services Commission (FSC) announced plans to submit a stablecoin regulation bill to the National Assembly in October. What does the bill cover? Read the full story.


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South Korea Takes Another Step Toward Crypto Reform Amid Talk of Regulatory Shake-up https://earlybirdsinvest.com/south-korea-takes-another-step-toward-crypto-reform-amid-talk-of-regulatory-shake-up/ https://earlybirdsinvest.com/south-korea-takes-another-step-toward-crypto-reform-amid-talk-of-regulatory-shake-up/#respond Thu, 14 Aug 2025 03:13:34 +0000 https://earlybirdsinvest.com/south-korea-takes-another-step-toward-crypto-reform-amid-talk-of-regulatory-shake-up/

Author

Tim Alper

Author

Tim Alper

About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked…

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South Korea’s government is set to fast-track pro-business crypto reforms, including stablecoin regulations.

The South Korean newspaper Metro Seoul reported that the Presidential Committee on State Affairs announced its plans at a public briefing on August 13.

South Korea Crypto Reform Taking Shape

The committee spoke of a five-year plan for state administration, naming 123 state affairs-related tasks.

Among these tasks named were “the construction of a digital asset ecosystem” and “developing the domestic cryptoasset market.”

Both were identified as “key national tasks” for the administration, which took office in early June this year following the election of President Lee Jae-myung.

Lee has spoken repeatedly about his intention to build up the domestic crypto sector, with deregulation and stablecoin regulation high on his agenda.

The President appears keen to let domestic firms issue won-pegged stablecoins. Leading banks and IT companies have reacted by registering scores of stablecoin-related trademarks.

Others are hurriedly rolling out crypto-related business plans, aware that this may allow non-financial firms to develop advanced payment platforms.

However, one of President Lee’s key campaign pledges was left off the five-year plan, namely the dissolution of the Financial Services Commission (FSC).

The FSC is the nation’s top financial regulator. Its Financial Intelligence Unit (FIU) polices the country’s crypto exchanges, issuing operating permits and conducting periodic on-site inspections.

It also enforces anti-money laundering and terrorist financing protocols at the trading platforms.

The Government Complex Building in Seoul, South Korea, where South Korea crypto reform is taking a step forward.

FSC: Vociferous Critic No More?

In previous years, the FSC has been a vociferous critic of the crypto sector. But in recent years, as governments have relaxed their hardline stance to the industry, it has spoken in favor of reform.

Under the proposal, FSC’s supervisory duties were to transfer to the Financial Supervisory Service.

The FSC’s policy-related tasks were due to transfer to the Ministry of Strategy and Finance.

But Lee’s plan to scrap the FSC proved controversial, even among senior ministers. While his offices have yet to confirm that the President has shelved the policy, the five-year plan appeared to suggest the proposal may have moved to the back burner.

There was no mention of the regulatory reorganization move on the plan. And seven of the 123 tasks were assigned to the FSC.

The newspaper added that crypto reforms are a “key focus” for both the government and the National Assembly this year.

As such, reforms are “expected to gain momentum” in the weeks ahead, Metro Seoul wrote.

‘Time to Play Catch-up’

Political leaders are concerned that South Korea is being left behind. They note that over the past two years, the global crypto market has expanded by about 262%.

While crypto investment has spiked in the US, the European Union, and Japan, driven by institutionalization drives, the same cannot be said for Seoul. The outlet wrote:

“Delayed institutional reforms and a lack of legislation in South Korea have left the domestic cryptoasset market significantly lagging in terms of competitiveness.”

The FSC has prioritized its plan to allow corporations to buy and sell crypto. It also wants to tak a “more relaxed approach” to regulations.

The regulator has previously spoken of its intention to roll out crypto-related regulations before the end of this year.

However, skeptics say that a final decision on the fate of the FSC is yet to be taken. Talks to abolish the regulator “may resume in the future,” the newspaper explained.

Unnamed financial sector officials opined that the debate over the reorganization of the financial regulators would “continue until the end of the year.”

Earlier this month, the Seoul district of Gangnam announced it had recouped $144,057 in unpaid taxes in the first half of this year by seizing coins from tax evaders.


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Ethereum Breaks New ATH in Japan and South Korea Following Surging Institutional Adoption https://earlybirdsinvest.com/ethereum-breaks-new-ath-in-japan-and-south-korea-following-surging-institutional-adoption/ https://earlybirdsinvest.com/ethereum-breaks-new-ath-in-japan-and-south-korea-following-surging-institutional-adoption/#respond Mon, 11 Aug 2025 15:54:30 +0000 https://earlybirdsinvest.com/ethereum-breaks-new-ath-in-japan-and-south-korea-following-surging-institutional-adoption/

Ethereum breaks new ATH in Japan and Korea, reaching 639,455 yen and surpassing the previous record of 632,954 yen, dating from December 17, 2024.

A similar event took place in South Korea, where $ETH reached 5,971,000 won, beating the previous record of 5.9M won from December 2021.

The sudden surge is unlikely to be the effect of the changing exchange rate, which is known to influence the crypto market, because both the yen and the won appreciated against the US dollar.

Normally, this would suggest that crypto prices should go down, except the Japanese and the South Korean markets experienced the opposite. The only other explanation is an increase in local demand.

But what’s the driving force behind the surge in investor interest?

Growing Institutional Adoption Driving Ethereum Up

The likeliest explanation for $ETH’s record performance on the Asian markets is the growing institutional adoption at the global level, with companies like Bitmine leading the pack with an iron hand.

Bitmine has the largest Ethereum treasury, worth over $2.9B, with Chairman Thomas Lee stating that:

So, not only is Bitmine the largest $ETH player, but it plans to keep staking Ethereum for the foreseeable future, taking a page out of Strategy’s playbook, the largest Bitcoin holder in the world, with 628,946 $BTC, worth over 75$.

Trump’s recent executive order, which allows crypto into the 401(k) plans, also played a critical role in pushing $ETH up the food chain.

$ETH trades at $4,173 right now, but the growing interest in the Asian markets could force a bullish trend globally, fueling the entire ERC-20 ecosystem.

If and when that happens, keep your eye on the following three projects, which show the highest growth potential in 2025.

1. Snorter Token ($SNORT) – Multi-Chain Token Sniper That Rewards Opportunistic Traders

Snorter Token ($SNORT) is a Solana/Ethereum-based project that introduces the Snorter Bot, the opportunistic trader’s best friend.

The Snorter Bot tracks down and snipes hot tokens milliseconds after liquidity becomes available, making it more reactive and effective even than UIs like Pump Fun, Raydium, and Jupiter.

Snorter Bot presale page

The Bot solves most problems associated with manual coin hunting, which include the risk of scams like honeypots and rug pulls, as well as the high entry-level tech knowledge requirement.

As a novice trader, you only need to learn how to customize the Bot to your liking, enabling its real-time alerts to protect against suspicious projects and setting up the specifics. The Bot will do the rest.

Snorter Bot is the ideal trading partner for beginners and professional traders, helping you target hot assets before they lose steam.

$SNORT powers the ecosystem with the help of a $2.9M presale and a price of $0.1009.

Given the project’s long-term potential, this may be the perfect time to invest. Our analysts predict a $1.02 $SNORT by the end of 2025, for a 910% growth.

2030 could see $SNORT pushing up to $1.50 or higher, depending on the mainstream appeal and implementation.

You can buy your $SNORT today by going to the presale page and following the steps.

2. Dogecoin ($DOGE) – The Friendly Shiba Dog Leading the Meme Market

Dogecoin ($DOGE) is the world’s most popular and beloved Shiba-dog-turned-meme, sitting at the forefront of the meme market.

While it started as a purebred meme coin, Dogecoin soon gained blockchain utility as peer-to-peer currency.

Dogecoin official website

Today, you can spend $DOGE in online shops with third-party providers like Bitpay and Coinbase. The Dogecoin Foundation plans to expand on that and turn

$DOGE into people’s coin, pushing it into the mainstream even more, if that’s even possible.

$DOGE is backpedalling now, trading at $0.2291, witnessing a small contraction over the past 24 hours. However, this comes after a 12.75% push over the past week, which could paint this minor seatback as a buy signal.

Especially since analysts like Ali Martinez predict another bull run, similar to 2021’s ATH, when $DOGE experienced a 13,000% pump.

If you want to join the $DOGE run, go to your favorite exchange and refill your portfolio today.

3. Bitcoin Hyper ($HYPER) – Bitcoin’s Layer 2 Upgrade Promising Solana-Level Network Performance

Bitcoin Hyper ($HYPER) is Bitcoin’s official Layer 2 upgrade that promises a Solana level performance boost with the help of tools like the Canonical Bridge and Solana Virtual Machine (SVM.)

How Bitcoin Hyper works

The Canonical Bridge connects the Bitcoin ecosystem to Hyper, minting wrapped Bitcoin into the Layer 2 in numbers equivalent to what the users deposit into the Bitcoin network. The Bitcoin Relay Program is the main transaction validator, ensuring fast throughput.

The Canonical Bridge decongests the Bitcoin network and enables near-instant finality, aside from supporting complex DeFi operations like DEXs and staking.

The Solana Virtual Machine (SVM) enables lightning-fast execution for DeFi apps and smart contracts for Solana-level throughput and scalability.

These tools aim to lift Bitcoin’s traffic cap, currently at 7 transactions per second (TPS), and bring it more in line with modern standards. By comparison, Solana works with 2,909 TPS.

$HYPER is in presale now and has already accumulated over $8.3M, making it one of the most successful presales of 2025. Based on the project’s long-term goals, our analysts predict a 2025 price point of $0.02595 by the end of 2025.

A five-year prediction could place $HYPER at $0.253 if Hyper sees successful implementation and growing adoption.

If you want to support Hyper or simply aim to diversify your portfolio, go to the presale page and buy your $HYPER today.

$ETH Bull Incoming?

$ETH is stable now, but the asset’s performance in the Asian markets can soon reach the Western shores. Especially in the pro-crypto context created by Trump’s 401(k) order and the GENIUS Act as the modern foundation of the new crypto financial system.

More importantly, Bitcoin is still bullish, and if it rallies to another ATH, we could expect the entire market to rally, with projects like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER) seeing increased interest.

This isn’t financial advice. Do your own research (DYOR) and invest wisely.

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Why are countries like Spain and South Korea increasing their foreign aid budgets? https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/ https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/#respond Sun, 03 Aug 2025 11:12:14 +0000 https://earlybirdsinvest.com/why-are-countries-like-spain-and-south-korea-increasing-their-foreign-aid-budgets/

If the world has had enough of helping others, then somebody forgot to tell Spain.

Yes, Spain. The same country that, a little more than a decade ago, desperately accepted billions in bailout money from its European neighbors to keep its economy afloat. That Spain is now doing something almost unthinkable. It’s ramping up aid spending just as the United States notoriously retreats. And in the process, Spain is trying to remind the world why we give back in the first place.

The US Agency for International Development (USAID) — the world’s largest humanitarian aid donor by far, whose work in recent years saved upward of a million lives per year — was officially dismantled earlier this month. Its scattered remains were subsumed by the State Department and its empty headquarters given to the FBI. But America isn’t the only one putting itself first these days. The UK, France, Belgium, and Germany all slashed their development budgets this year thanks to a wave of right-wing populism painting foreign aid as an unnecessary expense against the national interest.

The crisis is steep. The pot of money going to global development is set to shrink by 17 percent, or $35 billion, in 2025, on top of a $21 billion drop the year before, according to the Organization for Economic Cooperation and Development. That’s a $56 billion funding vacuum where global aid for mosquito nets, vaccine research, and food assistance used to be. And the declines are likely to become even steeper in the years ahead, as cuts in the US take full effect.

But while President Donald Trump was gutting USAID, Spain made moves to rebuild its aid agency and committed to more than doubling its aid budget by 2030. Nor is it alone: Ireland, South Korea, and Italy also all made recent pledges to boost their foreign aid budgets.

It’s far from enough to fill the foreign aid gap, however. And while the pain will fall primarily on impoverished recipient countries, foreign aid doesn’t just help the countries that receive it. It helps everyone.

Diseases and conflict don’t recognize legal borders and aid helps keep these deadly problems at bay. Every $100 million spent on preventing tuberculosis, HIV, and malaria helps prevent about 2.2 million new infections total. And global cuts are already expected to exacerbate the spread of diseases; former USAID officials anticipate cuts from the US alone could cause 28,000 new cases of infectious diseases like Ebola and Marburg each year. “Even if you’re in this isolationist mindset, you can’t actually isolate yourself from the rest of the world,” said Rachael Calleja, a research fellow at the Center for Global Development.

The fact that some countries have managed to fight the impulse to isolate — convincing their citizens that problems abroad are interconnected with our problems at home — could help reshape the future of aid for the better. Their decisions point to the possibility of a new future for foreign aid that could be more collaborative and less paternalistic than before.

Aid has long been dominated by a small club of wealthy nations — chief among them the United States, Germany, and the United Kingdom — that give the most, and in doing so, set the tone for how to help the rest of the world. Too often these well-intentioned solutions perpetuated the same exploitative power dynamics that made poor countries poor and one-time colonial powers like Spain and Italy rich in the first place. Western aid often comes with strings attached, like forcing Mali to privatize its cotton industry or requiring that funds be spent on consultants and supplies from the donor country — even though such policies have been shown to make aid less effective and much more expensive.

Ready or not, the old club’s grip on global influence is now breaking down.

”Nobody who works in development sat around saying, ‘The system is great. We’re awesome. Let’s just spend more money to do more of the same,’” said Dean Karlan, who was, until recently, the chief economist at USAID. “There is a blank slate. Let’s put in place a better system.”

Why are some countries bucking the trend?

Spain, Ireland, Italy, and South Korea are all increasing aid — but most have a lot of room for growth.

The United Nations set a lofty goal in the 1970s for wealthy countries to give away 0.7 percent of their gross national income (GNI) as development assistance. Half a century later, almost none do.

That includes this year’s overachievers. Ireland spent 0.57 percent of its GNI — $2.47 billion — on development aid last year. Spain spent 0.25 percent or $4.35 billion, and Italy, 0.28 percent or $6.67 billion. South Korea spent 0.21 percent or $3.94 billion.

It’s not a lot, especially compared to the $63.3 billion the US spent in 2024, although that only added up to 0.22 percent of its GNI. But these countries are moving forward at a time when everyone else seems to be moving backward. According to the global development consultancy SEEK Development’s donor tracker, the US is now projected to spend just 0.13 percent of its GNI on overseas aid this year.

There is a growing recognition that someone has to fill the gaps left by the US, but everybody balks at the price tag, Arturo Angulo Urarte, a Madrid-based development expert, said in Spanish. “It’s like, ‘Yes, but gosh, and how much does that mean? Oh, it means money? Well, then no.’”

Spain’s aid increase, however, has been a long time coming. Spanish activists launched a kind of Occupy Wall Street in favor of overseas aid back in the 1990s. A group of global development workers and grassroots activists staged hunger strikes and protest encampments, chaining themselves to government buildings to demand that Spain give at least 0.7 percent of its GNI to aid. At the time, Spain was giving around 0.24 percent of its GNI to aid, but the protests helped propel the country to double its commitment to a high of nearly 0.5 percent in 2008.

Then the 2008 economic turmoil left Spain once again with a wisp of an foreign aid budget. By the time its economy crawled closer to pre-crisis levels in 2015, its development spending had cratered to 0.12 percent of GNI.

But the idea of Spain becoming a bigger player in global development never really left the public consciousness, remaining broadly popular even during the country’s worst financial straits. In 2023 the country passed a law promising to rebuild its aid agency and bump up spending to 0.7 percent of GNI by 2030 — effectively tripling its current rate.

Spain has since increased its aid budget to about 0.25 percent of its GNI, or $4.4 billion last year — roughly $490 million more than it spent the year prior at 0.24 percent of its GNI — and says it will continue to give more in the year ahead. That’s more money for climate resilience projects in Morocco and Algeria, LGBTQ rights in Paraguay, and HPV vaccine campaigns across Latin America and the Caribbean.

A mother living with HIV since 2017 visits Kuoyo Sub-county Hospital with her child to collect their medications, on April 24, 2025 in Kisumu, Kenya.

A mother living with HIV since 2017 visits Kuoyo Sub-county Hospital with her child to collect their medications, on April 24, 2025 in Kisumu, Kenya.
Michel Lunanga/Getty Images

The dismantling of USAID has destroyed longstanding and hard-won infrastructure for implementing aid programs, especially in critical areas like HIV prevention. There’s little that anyone can do to bring that infrastructure back, but countries like Spain, Ireland, or South Korea have been able to uplift and increase funding to the initiatives most affected by the cuts, like Gavi, the international vaccine alliance, and the Global Fund to Fight AIDS, Tuberculosis and Malaria.

Ireland also aims to increase its aid spending to 0.7 percent of GNI by 2030. It inched closer to that goal this year by boosting its development budget by about $40 million to $925 million. “We wouldn’t expect Ireland to be able to fill the USAID gap in any shape or form,” Jane-Ann McKenna, who heads Dóchas, an umbrella group for Irish development organizations, said. “But that’s where our positioning and our voice becomes more important.”

That said, foreign aid has always been about more than just charity. It’s a geopolitical tool that countries have used for decades to win friends and influence people.

It’s no coincidence that, according to a 2006 study, US aid increased about 59 percent to nations when they temporarily joined the UN Security Council. The birth of PEPFAR — the HIV/AIDS program that saves around a million lives per year, which makes it perhaps America’s most effective ever form of foreign aid — helped boost public opinion of the US across sub-Saharan Africa. Much of Italy’s recent aid budget has gone to its $6 billion Mattei Plan in Africa, which aims to collaboratively influence the continent’s energy development and migration flows, but which some critics contend recreates old colonial patterns by relying too heavily on European priorities — not local expertise — to decide where the money ought to go and how its vision should take shape.

But if you take countries like Ireland and Spain at their word, their approach to foreign aid is not just about soft power anymore. These countries also have something in common that can differentiate them from other larger donors: recent histories of underdevelopment. Some of the newcomers might have been aid recipients rather than donors just a few decades ago.

South Korea received billions in foreign aid in the decades after the Korean War, which helped it grow to the point where it became the first former recipient to join OECD’s forum for major aid providers in 2010. Spain’s wealthier neighbors offered the country major financial support when it began integrating with Europe in the 1980s in the aftermath of the Franco dictatorship.

That dynamic can make it easier, Calleja says, to empathize with others who need aid today. (Though let’s not forget that Spain once colonized much of Latin America and the Caribbean — places that now receive the bulk of Spanish foreign aid — and therefore laid the groundwork for many patterns of exploitation and inequality there that its aid now seeks to resolve.)

Ireland was never a colonizer, but was once colonized itself by Britain. That legacy, McKenna said, means that many Irish people are passionate about human rights abroad and highly supportive of overseas aid.

“We have the history of the famine and we’ve had conflict on the island and we’ve had to engage in a whole peace process ourselves,” McKenna explained. “That’s there in the background of all of our psyches.”

As these smaller players like to say, it’s about “solidarity.” Spain’s own development agency’s four-year plan mentions the word solidarity 84 times. It explicitly calls for a move away from the old model, where wealthy nations dictated terms to grateful recipients, and toward a more equitable and collaborative model built on shared priorities and mutual respect.

Of course, not everybody is buying it.

Henry Morales is an economist and director of the Movimiento Tzuk Kim-Pop, a Guatemalan human rights group. He let out a little laugh when I asked him about Spain’s solidarity plan. After all, he’s seen foreign funders renege on their promises before.

He’s seen European powers pledge numerous times to do more to promote climate resilience in low-income countries before watching them give up when the politics become too difficult. Spain’s plan for development stresses that it aims to approach its funding priorities — like combating climate change and promoting gender equality — from a place of consistency and genuine partnership, the kind that can’t be abandoned on a whim when a new government takes power.

Whether Spain’s plan represents a form of global reparations or just colonialism with better PR remains to be seen, he said, but regardless, the old top-down model is clearly cracking.

Countries who receive aid now want “a voice and a vote, so that the decisions are no longer made by a private club of the big donors, the big traditional financiers,” he said. “But by debates and global agreements that are much more transparent and much more democratic.”

Fifty countries in the Global South now have their own agencies to exchange ideas, technical advice, and reciprocal funds for solving poverty, fighting climate change, and improving education.

Ensuring that recipients have a big say in how aid gets around is not only good for building a better, more democratic system — it can also make it much more efficient. According to Vox’s previous reporting in 2022, aid programs tend to work better when people from the countries they’re targeting play a big role in directing how and where the money’s used. Morales thinks that kind of collaboration is the real future of aid, which he prefers to see not as charity but as “simply the fair distribution of wealth.”

He’s not the only one who thinks so. The director-general of the World Trade Organization, Ngozi Okonjo-Iweala, called foreign aid “a thing of the past” at a meeting with African leaders in February.

For his part, Karlan, the former USAID economist, doesn’t think USAID will ever come back as the acronym or institution it once was, and although that’s mostly a very bad thing, he sees a flicker of opportunity.

Still, he isn’t sure if he believes that a real change to the aid paradigm is afoot. “Solidarity strikes me as a little bit of a softer way of saying soft power,” he mused, even if countries like Spain or Ireland aren’t necessarily “looking for flyover rights for the military.”

What he is sure of is that the US is moving in a very different direction. If Spain’s soft power is softening, then the United States’ is calcifying into something more toxic, more transactional, and — as Karlan likes to add — less efficient than before.

“Imagine a marriage in which you never did something considerate for your partner just because you cared about them,” he said. Instead, everything is a negotiation. “That isn’t a healthy relationship. What we’re risking is losing these long-term relationships, those long-term friendships.”

By the time the US is ready to reopen the door on them, it may find a world that has already moved on.

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Bank of Korea Forms New Virtual Asset Team as Stablecoin Rules Advances https://earlybirdsinvest.com/bank-of-korea-forms-new-virtual-asset-team-as-stablecoin-rules-advances/ https://earlybirdsinvest.com/bank-of-korea-forms-new-virtual-asset-team-as-stablecoin-rules-advances/#respond Wed, 30 Jul 2025 09:58:11 +0000 https://earlybirdsinvest.com/bank-of-korea-forms-new-virtual-asset-team-as-stablecoin-rules-advances/

The Bank of Korea (BOK) is setting up a new Virtual Asset Team to watch over the crypto market and help with policy discussions, Yonhap News reported on July 29.

This group will also work with the government as lawmakers consider new rules for stablecoins and other digital assets.

The decision to form this team comes as some banks in South Korea are exploring digital tokens tied to the won. At the same time, lawmakers have started pushing new stablecoin regulations.

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The BOK also made several changes to its internal structure. The group that had been called the Digital Currency Research Team has been renamed the Digital Currency Team. A bank official explained that the new name shows the team is now focused on practical work related to digital currency, not just research.

Two more teams were also renamed. One will be called the Digital Currency Technology Team and will lead research in this area. The other, the Digital Currency Infrastructure Team, will handle the development of a digital voucher platform based on deposit tokens and build a test system for future projects.

Digital assets are already popular in South Korea, and the topic played a role in the recent presidential election. Lee Jae Myung, who supports expanding access to crypto, was elected on June 3. His proposals included legal support for stablecoins and crypto exchange-traded funds (ETFs).

Meanwhile, South Korea’s two main political parties recently introduced separate plans to regulate won-based stablecoins. What does each proposal include? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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This week’s Crypto Asia: Metaplanet bets on Korea, and Binance is working with India’s FIU https://earlybirdsinvest.com/this-weeks-crypto-asia-metaplanet-bets-on-korea-and-binance-is-working-with-indias-fiu/ https://earlybirdsinvest.com/this-weeks-crypto-asia-metaplanet-bets-on-korea-and-binance-is-working-with-indias-fiu/#respond Sun, 20 Jul 2025 16:57:22 +0000 https://earlybirdsinvest.com/this-weeks-crypto-asia-metaplanet-bets-on-korea-and-binance-is-working-with-indias-fiu/

Recent developments have created complex drawings of Asian cryptography. On the one hand, established companies are doubling their regulated digital assets. Meanwhile, law enforcement is tackling a surge in wrench attacks and criminal misuse of cryptocurrency.

Metaplanet, the Japanese Ministry of Bitcoin Treasury, has gained control of South Korean publicly listed software company SGA. If confirmed, SGA can acquire Bitcoin as part of a broader digital strategy.

According to an article published on July 15, 2025, the company’s CEO Simon Gerovich has joined a consortium with Hong Kong-based Moon, Bangkok’s Cliff Capital, Taipei’s crypto-centric venture capital firm, Solaventure company, Solaventure and Bitcoin-focused investment and advice company.

Although Gerovich is listed as an independent investor, the move is consistent with Metaplanet’s Bitcoin accumulation strategy by converting traditional companies into bitcoin-related entities and using them as a means of Bitcoin exposure in regional capital markets.

Both the SGA Committee and the South Korean Financial Services Committee have approved the issuance of 58 million shares to the consortium, but the final agreement is still pending.

Explore: Best Meme Coins to Invest in July 2025 ICOS

Asian Cryptocurrence is facing security crisis as wrench attacks and bitcoin theft rise

A recent report released by ChainAlysis on July 17, 2025 showed that wrench attacks targeting crypto holders in the APAC region spiked in 2025. Compared to 2021, the worst year before in such cases, the attack has almost doubled, with 35 cases reported so far.

Moreover, these are not siloed events. The APAC region witnessed a wave of wrench attacks and crypto theft, with over $2.17 billion stolen from the Crypto platform in the first half of 2025, beyond 2024.

Retail wallet theft accounted for almost 25% of funds stolen in 2025, and attacked Japan, Indonesia, South Korea and the Philippines the most violently. Criminals specifically target Bitcoin holders when chasing large wallet yields.

The surge in crypto influx has created criminal groups that exploit the anonymous nature and liquidity of asset classes by carrying out lures, house invasions, emergency situations and ransom attacks.

Explore: Top 20 Cryptos to Buy in July 2025

India’s FIU is investigating Binance over cross-border terrorist financing

The Indian Financial Information Unit (FIU) is actively adjusting to identify Indian private wallets, particularly in sensitive areas such as Jammu and Kashmir, where cryptocurrency may be received from Pakistan.

As reported by local publications on July 15, 2025, FIU believes that individuals are using these private wallets as a source of funding to implement illegal activities and terrorist financing in India.

These wallets are not tied to centralized exchanges, and authorities find them difficult to monitor and track.

According to the publication, investigators are investigating the vinanence on this issue as it is the most used exchange in the region for cross-border crypto transactions.

“Binance is working with FIU and we suspect that some of these are linked to terrorist financing as crypto transactions between Pakistan’s J&K (Jammu and Kashmir) and the border regions have increased in recent months.”

This follows an exchange that resumed operations in India after a $2.25 million penalty was settled to restore FIU compliance after the December 2023 suspension.

Explore:12+ Hottest Encryption Presale to Buy Now

VCI Global strengthens Asian crypto with regulated bitcoin investment vehicles

On July 15, 2025, Malaysia-based diversifying holdings company VCI Global acquired another Malaysian company, V Capital Fund Management, to offer Bitcoin investment options to Asian institutions and luxury investors.

The VCIG Bitcoin Fund, launched through Labuan (Federal Territories of Malaysia), offers an internationally recognized offshore financial centre and provides a flexible regulatory environment that knows the benefits of strong money laundering (AML) and customer (KYC) compliance and tax.

The move reflects the industry’s trends for widespread adoption of digital assets by established financial companies, filling traditional funds into digital assets.

With Asia’s regulated crypto investment options still limited, VCIG Bitcoin Fund is looking to improve the crypto infrastructure in the region. The fund aims to increase liquidity, enhance custody solutions and attract participation from a wide array of asset managers in family-owned offices and institutions.

Explore: 20+ next ciphers that will explode in 2025

Key takeout

  • Metaplanet has joined Moon, Cliff Capita, Solaventure and UTXO Management and consortiums to promote Bitcoin accumulation strategies in Asia.

  • In the APAC region, wrench attacks have doubled compared to 2021 figures, with 35 cases reported so far

  • India’s FIU is investigating two-ways regarding moving suspicious cross-border cryptography into private wallets

  • VCI Global launched the VCIG Bitcoin Fund to provide investment options to Asian institutions and high-end investors

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Tornado Cash Trial: Roman Storm Faces Claims of Aiding North Korea Hackers https://earlybirdsinvest.com/tornado-cash-trial-roman-storm-faces-claims-of-aiding-north-korea-hackers/ https://earlybirdsinvest.com/tornado-cash-trial-roman-storm-faces-claims-of-aiding-north-korea-hackers/#respond Wed, 16 Jul 2025 10:35:28 +0000 https://earlybirdsinvest.com/tornado-cash-trial-roman-storm-faces-claims-of-aiding-north-korea-hackers/

Tornado Cash has become a tool for North Korea’s Lazarus Group after the hackers stole $600 million from the Ronin Bridge in 2022, US prosecutors told jurors on July 15 as the trial of Roman Storm began in Manhattan.

Storm, one of the developers behind the crypto privacy software, is accused of allowing the sanctioned group to use his service to hide stolen funds, despite being aware of its intended use.

In opening statements, Assistant US Attorney Kevin Mosley stated that Tornado Cash is a “giant washing machine for dirty money” and argued Storm chose to keep the platform running even after learning criminals were abusing it.

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However, Storm’s legal team argued that he did nothing illegal. His lawyer, Keri Axel, told the jury that Tornado Cash was a public privacy tool anyone could use, and Storm could not control what others did with it. She said:

The world is full of products that have legitimate uses and are misused. Signal, or even a hammer that can be used to break in and steal stuff. The government can’t show a criminal agreement for a criminal purpose.

Prosecutors objected twice during Axel’s statement when she raised examples about users’ safety, but the judge allowed her to finish.

According to Storm, the trial could take up to a month, with a verdict expected before mid‑August. On July 14, he requested urgent financial assistance to fund his legal defense. What did he say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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XRP Spot Trading Volume Explodes In Korea, What’s Going On? https://earlybirdsinvest.com/xrp-spot-trading-volume-explodes-in-korea-whats-going-on/ https://earlybirdsinvest.com/xrp-spot-trading-volume-explodes-in-korea-whats-going-on/#respond Thu, 10 Jul 2025 02:02:48 +0000 https://earlybirdsinvest.com/xrp-spot-trading-volume-explodes-in-korea-whats-going-on/

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XRP’s spot trading volume on Upbit has surged dramatically in the past 24 hours to put the token at the top of South Korea’s crypto trading netflows. Data from CoinGlass shows that in just 24 hours, XRP trading activity on the exchange is currently at $269.22 million, with an unusually high $161.62 million recorded in a single hour. This spike stands out when compared to global exchanges like Binance, where net flows for XRP are negative over the same period.

Upbit  XRP Trading Volume Surpasses Global Exchanges

According to current data from CoinGlass’s XRP Spot Data Analysis, XRP’s spot trading volume on Upbit is currently at $269.22 million in the past 24 hours at the time of writing, making it the highest across all major global exchanges. For comparison, Binance, often the world’s most dominant exchange by volume, recorded $226.76 million, which is significantly lower than Upbit’s XRP activity. More importantly, data from CoinGlass shows that Binance trading volume is composed of outflows, which is a stark contrast to the inflows into Upbit.

Notably, the trading volume into Upbit includes an exceptional one-hour volume of $161.62 million, a level of activity that points to far more than routine retail trading. Investor and XRP supporter Chad Steingraber commented on the trend on the social media platform X, stating, “Something is definitely going on. The 1 Hour XRP Volume on Upbit is way too much for retail all of a sudden.” 

XRP
Source: Chart from Coinglass

Given the nature of the transfers into Upbit, it is likely that they are primarily selloffs. Particularly, data from CoinGlass shows a negative net XRP inflow of $103.32 million to Upbit in the past 24 hours.

South Korean Crypto Traders Are Driving XRP Activity

The intensity of XRP trading in South Korea lines up with data about the country’s deep-rooted participation in the cryptocurrency market. According to a recent survey, a majority of South Koreans aged 20 to 60 have actively engaged in crypto trading. The survey points to a population that is digitally literate and willing to engage in crypto trading.

XRP, in particular, has maintained a unique appeal within South Korea’s trading landscape. It frequently tops the list of most traded cryptocurrencies on local exchanges like Upbit, often surpassing Bitcoin and Ethereum. According to data from CoinGecko, the XRP/KRW pair is currently the most traded pair on the Upbit crypto exchange, with a 12.21% share in the past 24 hours. 

The exceptional volume of XRP trading activity on South Korea’s Upbit exchange has always been recognized as a critical factor in the token’s price behavior. According to crypto analyst XForceGlobal, who shared his views on the social media platform X, South Korean investors have played a big role in propping up the XRP price in the past few months.

At the time of writing, XRP is trading at $2.33, up by 2.3% in the past 24 hours.

XRP
XRP trading at $2.37 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea https://earlybirdsinvest.com/stablecoin-issuers-182-billion-us-treasury-hoard-ranks-17th-among-countries-beating-uae-and-south-korea/ https://earlybirdsinvest.com/stablecoin-issuers-182-billion-us-treasury-hoard-ranks-17th-among-countries-beating-uae-and-south-korea/#respond Wed, 09 Jul 2025 05:08:05 +0000 https://earlybirdsinvest.com/stablecoin-issuers-182-billion-us-treasury-hoard-ranks-17th-among-countries-beating-uae-and-south-korea/

Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table.

The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion.

Tether’s USDT tops the cohort. Its first-quarter attestation showed $120 billion in Treasuries, while CEO Paolo Ardoino told CNBC in late May that the firm held “more than $125 billion” and continues to expand.

Circle’s May accountant’s report listed $28.7 billion in T-bills and $26.5 billion in overnight repos, for a combined $55.2 billion backing USDC.

First Digital’s May 31 dashboard showed $1.665 billion in FDUSD reserves, 78% of which is held in Treasury bills, amounting to roughly $1.3 billion.

Paxos’ PayPal USD (PYUSD) uses overnight reverse-repo agreements collateralized 97% by Treasuries. It has $878 million outstanding, which implies roughly $880 million in government debt.

According to US Treasury data from April, those positions reach $182.4 billion, enough to leapfrog South Korea and the United Arab Emirates and fall just shy of Norway.

Treasury paper dominates reserves

Issuers buy short-dated government debt because it settles T-plus-zero at clearing banks, offers daily liquidity, and earns yields now above 5%. 

Tether’s latest assurance showed that Treasuries, repos, and Treasury-only money-market funds represented more than 80% of its collateral, helping drive $1 billion in first-quarter profit.

Circle uses BlackRock’s SEC-registered Circle Reserve Fund to hold its bills and repos, enabling same-day liquidation if redemptions spike.

Ardoino said that issuing stablecoins “creates incremental demand for US debt without relying on the banking system,” citing Tether’s ranking above that of Germany, the UAE, and Spain.

Circle and Paxos have made similar arguments in policy filings, noting that narrowly distributed, highly liquid collateral protects holders during market stress.

Regulatory backdrop

Lawmakers in Washington and Brussels are considering bills that would restrict reserve assets to cash and short-term Treasury securities, maintaining the current composition but limiting diversification into gold or corporate bonds. 

The GENIUS Act, which cleared the Senate in June, would formalize those limits. At the same time, Europe’s Markets in Crypto-Assets (MiCA) regime already bars commodities for euro-pegged coins. 

Stablecoin treasurers say the proposed rules align with their investment profile, though they warn that concentration in one asset class links stablecoin liquidity to Federal Reserve funding conditions.

Mentioned in this article
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South Korea halts CBDC plans, shifting focus to bank-led stablecoins https://earlybirdsinvest.com/south-korea-halts-cbdc-plans-shifting-focus-to-bank-led-stablecoins/ https://earlybirdsinvest.com/south-korea-halts-cbdc-plans-shifting-focus-to-bank-led-stablecoins/#respond Tue, 01 Jul 2025 12:46:32 +0000 https://earlybirdsinvest.com/south-korea-halts-cbdc-plans-shifting-focus-to-bank-led-stablecoins/

Local reports indicate that South Korea’s central bank has suspended its central bank digital currency (CBDC) pilot program, pivoting the nation’s focus toward a private, bank-led stablecoin initiative.

The Bank of Korea (BOK) halted its “Project Han River,” following mounting pressure from commercial banking partners who cited prohibitive costs and the absence of a viable business model, as The Korea Herald reported.

The project launched earlier this year was a two-tier system involving a wholesale CBDC for interbank settlement and tokenized deposits for retail use by 100,000 citizens. However, the seven participating banks collectively spent nearly 35 billion won (about $26 million) on the initial three-month phase and were unwilling to proceed without a clear path to profitability.

A last-minute offer from BOK Governor Rhee Chang-yong to cover half the costs for the project’s second phase was rejected, signaling that the banks’ concerns were fundamental to the business case, not just the expense.

In the vacuum left by the state-led project, a consortium of eight major commercial banks, including KB Kookmin, Shinhan, and Woori, has formed to develop a won-pegged stablecoin. This initiative is actively supported by the Korea Financial Telecommunications and Clearings Institute (KFTC) and aims for a public launch in late 2025 or early 2026.

The banks see a clear commercial advantage in issuing their own stablecoins, leveraging their customer base to create new revenue streams and prevent disintermediation from fintech rivals or a state-run currency.

This strategic pivot was enabled by a shift in government policy under President Lee Jae-myung, who campaigned on a pro-crypto platform that included a promise to approve won-pegged stablecoins.

President Lee’s administration is fast-tracking the “Digital Asset Basic Act,” legislation that provides a legal framework for stablecoins. The act notably grants primary regulatory authority to the Financial Services Commission (FSC), not the Bank of Korea, and sets a low capital requirement of ₩500 million (about $370,000) to encourage competition.

The private sector has moved aggressively to secure its position. KB Kookmin, the nation’s largest bank, filed for 17 different trademarks for potential stablecoin tickers like KBKRW, which it called a “preemptive move.” Meanwhile, Shinhan Bank has been preparing for this moment for years, conducting international remittance proofs-of-concept with stablecoins as far back as November 2021.

While BOK Governor Rhee has publicly conceded that won-backed stablecoins are necessary, he and other central bank officials continue to express grave concerns. They warn that a proliferation of private stablecoins could undermine monetary policy, create systemic risk reminiscent of the 2022 Terra/Luna collapse, and accelerate capital flight as users swap won-stablecoins for dollar-pegged alternatives.

The volume of USD-pegged stablecoin transactions in Korea reached ₩56.95 trillion ($41.6 billion) in the first quarter of 2025 alone.

The central bank has advocated for a more cautious rollout, preferring that only highly regulated banks be allowed to issue stablecoins initially before expanding to non-bank entities.

In the meantime, the BOK has framed its suspended CBDC work as a potential “countermeasure to stablecoins,” a public option to be revived if the private market proves too volatile.

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